Obviously this is not an all-inclusive list and some of these questions are much more important than others.

This isn't inclusive but should give you a good start.

This isn't inclusive but should give you a good start.

1) J Street (single family)•Purchase price (inclusive of fees etc): 33k•Monthly Rental: 695•Yearly Insurance: 600•Property Tax (Estimated): 1200•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 69.5•Net income (Not counting repairs of which there hasn’t been any): 4300 2) Morningview Street 1 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 1000•Yearly Insurance: 600•Property Tax (Estimated): 604•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 100•Net income (Not counting repairs of which there hasn’t been any): 69003) Morningview Street 2 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 950•Yearly Insurance: 600•Property Tax (Estimated): 587•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 95•Net income (Not counting repairs of which there hasn’t been any): 6550 Additionally, as the properties above were purchased in cash, I am exploring if there are options to extract cash from them so that I can re-invest the cash while at the same time taking loans for the additional investment.

"    The add says its 750 sq feet . " Can we pay the security deposit  after we get ours back from our landlord "     No " And the rent is all inclusive utilites and all "      Your kidding right ? 

So even if it's all inclusive they won't even look at the houses.

The typical instruments we use in these markets are All Inclusive Trust Deed (Wrap around mortgage), Subject to,  Contract for Deed (Land Contract) and a new Trust Deed and Note.  

If rent is unpaid when due and the tenant fails to pay rent within nine days thereafter or, in the case of a one-week tenancy, within four days thereafter, the landlord may terminate the rental agreement in accordance with the provisions of sections 47a-23 to 47a-23b, inclusive."

Those are examples of the breeds that I have seen on lists by insurance companies, HOAs, PMs, etc. and it is not all inclusive.

I would recommend creating your own inclusive of the following:Performance clause, meeting or exceeding set occupancy ratesPerformance clause, meeting or exceeding market values for rent in the area based from compsCosts & Fees, pay a fixed rate but have the property manager cover costs that should have been fixed, meaning if the water bill was higher increasingly over time and they didnt call a plumber before a major leak they or thier insurance should cover the costs, not you or your insurance.